Stack Sats With sMiles
I am always looking out for ways to earn a few extra satoshis on the side; Bitcoin bought is sweet, but Bitcoin earned is always a lot sweeter. I’ve tried using several fitness apps that pay you in crypto, and so far, I don’t really see a clear leader. They all pretty gimmicky, and to be honest, their tokenomics aren’t that great many of their coins aren’t worth much, nor have a deep enough market for you to sell or get anything from it.
I think trying to tokenise everything and maintain your own token was a novel idea, but in practice, it’s a pretty poor experience for the end-user, and we can see that by the fact that very few of these apps have really taken off.
The entire point of these apps is to reward you with value, and while some of this value can be seen on paper, very little of it can be accessed.
This is why I was pretty stoked to discover sMiles, an app that pays you directly in Bitcoin and makes use of the lightning network.
We all know how much Bitcoin is worth; it’s the deepest, most liquid crypto, so why wouldn’t I want to earn it? I can exchange it with a range of exchanges or use it in different wallets. That means setting up is far easier, and I don’t have to create a new account with a certain exchange; Bitcoin is Bitcoin.
My experience with sMiles
sMiles is a pretty basic fitness app; it doesn’t give you much data about your workouts. I am using it on iOS, so it syncs with the health app on the phone; I am not sure how it would work under Android.
The app validates your steps each day and provides you with some sats depending on your performance.
You can also earn sats with their daily wheel spin game, and there’s also a chess game you can play to earn some sats. The app still looks like it’s in its formative stages and looks to be releasing an in-app store and more features to come.
Payout with sMiles
So now you want to know the important part, how do I cash out? Well, you’ll need to reach a minimum of 1000 sats in the app. Once you hit the threshold, you can withdraw it to any lightning wallet; this could be a custodial wallet, non-custodial lightning wallet or an exchange that supports lightning.
I’ve been using it for a week now, and I’ve bagged a few 100 as for just checking in each day which isn’t too bad. If you want to try out sMiles or you’d like to learn more about the app, check out their official site here.
Note: If you’re keen on donating some sats my way, then here’s my referral code for sMiles: cesc04880
You’ll be sending 100 sats my way once you sign up with the code :)